SINGAPORE : Insurance firm FWD Group Holdings Ltd said on Monday it had agreed to buy a majority stake in Malaysian insurer Gibraltar BSN Life Bhd for an undisclosed price, expanding its presence in the country's full-service insurance business.The Asia-focused insurer, which has been in Malaysia since 20
SINGAPORE : Insurance firm FWD Group Holdings Ltd said on Monday it had agreed to buy a majority stake in Malaysian insurer Gibraltar BSN Life Bhd for an undisclosed price, expanding its presence in the country's full-service insurance business.
The stake is being sold by The Prudential Insurance Company of America, a unit of U.S.-based Prudential Financial Inc, FWD said, adding that Malaysia's Bank Simpanan Nasional would continue to hold the remaining 30 per cent stake in Gibraltar BSN.
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